Business Maverick: Pfizer picks China firm involved in drug recall for Covid pill

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 84%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The pharmaceutical giant has picked a Chinese drug-making giant once embroiled in a global medicines recall for supplying tainted ingredients to make its Covid-19 antiviral pill in the country.

Zhejiang Huahai Pharmaceutical will produce and sell Paxlovid in mainland China for five years, the companies said in separate statements. Pfizer will provide ingredients to make nirmatrelvir, the antiviral portion of the drug, and ritonavir, which slows the antiviral’s breakdown in the body. Huahai will manufacture and combine the two into Paxlovid.

Based in eastern China, Huahai is one of the nation’s biggest producers of pharmaceutical ingredients and generic drugs. In 2018, a likely carcinogen called NDMA was found in ingredients that the company manufactured and used in medicines to treat high blood pressure.

Pfizer has a rigorous quality system in place to ensure that medicines are produced in accordance with all applicable company and regulatory standards, a spokesperson said in response to questions from Bloomberg News about the Paxlovid agreement. Calls to a phone number listed on Huahai’s website went unanswered.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zoom’s enterprise bet is delayed as company cuts sales forecastZoom Video Communications Inc.’s results showed that its transition from an essential Covid-era tool to an enterprise business platform is going to take longer than expected.
Source: BusinessTechSA - 🏆 24. / 61 Read more »